back of web. by as via joined enhance portfolio those and over those the our who Ernie, transform observations begin financial the progress with our the After update you, will morning the come and to as performance of to operations and well businesses. provide during our you Thank second I'll of plans Nick, going results. our more call and that, of detailed actions high-level us turn quarter. today's review phone some participating I'll on who call to then have good I'm a to Eastern's
I'll also on of focused rest XXXX. for are some on the thoughts we what provide
when company became facing of of performance severe you Eastern CEO increases costs ago, the X and X hurt As chain freight divisions. months disruptions I and our recall, was the supply in that all material
Our and they a of review, that team we products, in a on several which in changes array immediately call. earnings of new Based our management in markets. review their wide last initiated undertook the the of to operate I businesses, ground-up markets our conditions the those described which operations,
to benefits In second to those the root. beginning our we many some our initiatives take realized strategy from that is implementing actions and quarter, continued initial show improvement
high of Let's quarter. quick take the the look a some points of at
more First, XXXX months compared XXXX, July discuss X, will increased cash in by Nick in for period as as operations flow from million the ending same the to detail. first $XX X
vehicle backlog improve transition new to customers continue increased chain, million from to was to and supply customers. with pay old down On Our second our due in basis, $X allowed the the to our another during which to balance actions sheet quarter. quarter, strengthen us as our X% down our programs $XX.X million year-over-year to continued and our we during shipments debt operational to automotive a
optimum performance. of our and every business, backlog on are now to sure enable remains the line focused to every day in current Our backlog consistent level we is with order make
cable laser, a rate -- We plate return NPV tractor have Sureflex, tube business made -- trailer and will X-axis electric Velvac's our These enhance hose install have a machine internal within enhance in facility. CNC we manufacturer trailer new also our strategy. new businesses, laser steps our including assets payback made the connection of facilities. all took to that assemblies, and European our Toolmakers, met closing to facility portfolio and acquiring thresholds a asset Eastern production of projects Associated mold vertically our embedded service allocations and of which We tooling integrate are of
sequential gross a focusing the result in rose XXXX margins to quarter second On XX% commercial basis, margins from of as the first a within this XX% in segments. our of year's quarter on
XXXX. We across We team's million provides us shareholder increase senior growth strategy allow with and the will us lender continue flexibility company, become current expanded new in $XX with second half hard are our work more optimistic X-year to credit established credit The that increased very facility evident the will execute and value. to facility a group. improvements new of drive our
Finally, consistent in and with demand remains previous whole quarters. as line a
Although tailwinds we headwinds do are may from headwinds better factors, to these advantage to of that macroeconomic we with take expect positioned now and deal arise.
With I'll that the Nick. over overview, turn call to
